How does the incontestability clause benefit the insured?
A. It dictates that if the insured and beneficiary die together, and the order of death is unknown, the beneficiary is presumed to have died first.
B. It protects the death benefit from attachment by creditors after the insured passes away.
C. It keeps the policy from being cancelled if, after two years, it is discovered that there was an error, concealment, or misrepresentation by the policyowner.
D. It keeps the policy from lapsing should the premium go unpaid by borrowing from the cash value.
Answer: C. It keeps the policy from being cancelled if, after two years, it is discovered that there was an error, concealment, or misrepresentation by the policyowner.
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